About Us

TOKE is a ‘Community Trading by Exchange’ application offering a cashless/moneyless exchange of commodities and services.

Ever since the 17th Century trading has been conducted on a Commodity – Capital –Commodity basis, i.e., a trade goes through a fiduciary agent as an intermediary, e.g., fiat or cryptocurrency. But then, in the 19th Century, Karl Marx produced his magnum opus work, ‘Capital’ (Das Kapital), which in simple terms, focused on the ‘use-value’ of a commodity, shedding the Capital component.

We’ve reinvented the notion – ‘use value’ of commodities and services and put the cashless concept together to create this mobile trading/exchange/barter platform- TOKE. The TOKE App supports commodity community-based trading also known as barter.

The term TOKE is derived from ‘Token of Keynesian Exchange’. A term coined by Grenville Mills in 1999 when developing a concept of digital currency, originally intended to replace fiat (https://bit.ly/3bkG4S0). That challenge was subsequently addressed by BitCoin and a host of other cryptocurrencies.

TOKE has revitalised the concept of ‘use value’ of commodities and services and applied the cashless concept to a mobile trading/exchange/barter platform.

In our App, the term TOKE is the name given to the point(s) earned when completing a trade/exchange between two parties. One trade earns one TOKE. A trade is simply an agreement to exchange goods or services based on the respective ‘use value’ to the parties in the trade/exchange.

Higher points (TOKES) reflect higher reliability in a similar way to eBay’s Rated Seller’s points. A TOKE is effectively a badge of credibility, having no currency value. Trades are not monetised, i.e., there are no fiduciary regulations, controls, or fees, rather goods or services are simply exchanged as agreed between two parties.